Working Papers

These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.

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Peter C. Psarras, Praveen Bains, Panuya Charoensawadpong, Mark Carrington, Stephen Comello, Stefan J. Reichelstein, Jennifer Wilcox
January 2017

It is well documented that a concerted effort is required to reduce the threat of climate change. One vital component in this portfolio of solutions — carbon capture and utilization — has been stalled by...

John E. Bistline, Stephen D. Comello, Anshuman Sahoo
July 21, 2016

Many irreversible long-run capital investments entail opportunities for managers to respond flexibly to changes in the economic environment. However, common levelized cost measures designed to guide decision-making implicitly assume that the values of random economic...

Stephen D. Comello, Stefan J. Reichelstein, Anshuman Sahoo, Tobias S. Schmidt
July 2016

Rural electrification rates in India lag behind government goals, in part due to the inability of distribution companies (discoms) to fund central grid expansion. In the absence of central grid electrification, mini-grids offer significant potential...

Claire S.H. Lim, Ali Yurukoglu
May 24, 2016

Forthcoming in Journal of Political Economy 

This paper quantitatively assesses time inconsistency, moral hazard, and political ideology in monopoly regulation of electricity distribution. We specify and estimate a dynamic model of utility regulation featuring investment...

Bryan Bollinger, Wesley R. Hartmann
April 1, 2015

A fixed cost investment in home automation technology can eliminate consumers’ marginal costs of responding to changing demand conditions. We estimate the welfare effects of a home automation technology using a field experiment run by...

Stefan J. Reichelstein, Anna Rohlfing-Bastian
August 2013

This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the...

Stefan J. Reichelstein, Anshuman Sahoo
April 25, 2013

An important characteristic of most renewable energy sources is their intermittent pattern of electricity generation. Yet, intermittency is usually ignored in life-cycle cost calculations intended to assess the competitiveness of electric power from renewable as...

Seema Arora

While public benefits of environmentally friendly practices are well understood, there is anecdotal evidence that suggests that firms that follow such practices also receive private benefits. The paper investigates the effect of pollution prevention activity...